![]() ![]() ![]() Reporting on Payroll Statutory DeductionsSee: Reports and Processes in Oracle HRMS, Oracle HRMS Configuring, Reporting, and System Administration Guide Payroll Statutory Deductions and ReportingOracle Payroll allows you to process tax and insurance deductions for employers and employees and helps you comply with the legislative requirements applying to your organization.What are the Taxability Rules for Earnings and Deductions Categories?Regular and overtime earnings are always subject to Federal and state taxes however, at any point in time, other categories of earnings, and certain categories of pre-tax deductions, may be subject to different types of taxes and tax withholding at the federal and state levels. Is Oracle Payroll flexible enough to calculate taxes according to different legislative needs?Yes. Oracle Payroll supports many country specific models of taxation, including the local, Federal, and state tax requirements of organizations operating in the US. Is the entry of tax and social insurance details sufficiently flexible to meet the needs of my organization?Yes. You can calculate taxes for different types of employer to represent the diversity of your organization. ![]()
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